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Thread: IS SEALS WITH CLUBS DONKDOWN??? (Update: Micon charged with a felony in Nevada)

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  1. #11
    Cubic Zirconia
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    Quote Originally Posted by cmoney View Post
    Quote Originally Posted by chinamaniac View Post
    100 % agree it is a total warped mentality, here is a quote from the article

    He explained that the online gaming company uses Bitcoin, a digital currency, to conduct transactions and further argued that as far as he’s aware, his operation cannot be considered illegal because there are no laws, in the US or elsewhere, governing the use of this new electronic currency.

    So does this mean I can just come up with my own crypto currency and set up gambling sites all over the USA and world and profit and it wont be illegal?
    Exactly my point. Based on this logic the founder of Silk Road should be a free man since all the transaction were done with Bitcoin. However, the government doesnt see it that way and that guy faces min of 30 years in prison.
    Just because it's interesting: Canada actually did put down some laws regarding gambling of cryptocurrency. This caused the owner of just-dice to close down for some months, only to (as far as anyone can tell) legally come back up using a different one (CLAMS instead of Bitcoin) because there were no exchanges trading CLAMS for official currency. Not that that has anything to do with Micon or Seals, but I thought it was interesting that a vagueness in laws created wiggle room for them. It's pretty clear that the pachinco model doesn't fly in Nevada, but I've heard of bars in some states playing poker for a buy-in then awarding stuffed animals or some shit that they trade back for money.

    It's silly to think bitcoin makes gambling fly in the states, some states have laws that outlaw any gambling with something of value, not just dollars. Maybe you can play poker for ham sandwiches in some states, but in others even play money is illegal if there is any value attached. Value being such a wide term that even a leaderboard of winners that provides personal bragging satisfaction could constitute "value." Most states also have laws against giving drugs to someone else, regardless of the number of ham sandwiches that are involved in the transaction.

    Obviously none of this has fuck-all to do with this thread, it just made me get sad about the fact that we can't just play poker and be treated like reasonable, consenting, human beings in this country. The comparison, on a poker forum no less, to people that conspired to distribute drugs and have people murdered further depresses my hopes that some day we'll wake up to poker being treated like the game that it is.
    Last edited by neorab; 02-26-2015 at 08:44 AM. Reason: phrasing

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